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$ 3,900,000
Est. payment /mo
Active
Address not disclosed Miami, FL 33142
0.77 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Melrose Heights 4Th Sec
MLS Listing ID A11833062
HOA Y/N No
Annual Tax Amount $34,774
Tax Year 2024
Lot Size 0.770 Acres
Acres 0.77
Property Sub-Type Unimproved Land
Property Description
The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you're looking at a by-right development potential for up to 116 multifamily units. Here's the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Location
State FL
County Miami-dade
Area 2310
Zoning 6100
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Trash Collection, Water Available
Water Access Desc Public
Present Use Unimproved
Building
Lot Description 1-2 Acres, 2-3 Acres, City Lot
Water Public
Others
Tax ID 0131280133450
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11833062
Listed by Agustin Duarte RE/MAX 360 Real Estate
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